By using this website you allow us to place cookies on your computer. Please read our Privacy Policy for more details.
Publication Date: April 2008
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): Guinevere Nell
Research Area: Banking and finance
Keywords: Taxes; simplification; marginal tax rates; amt
Type: Brief
Coverage: United States
Abstract:
Several proponents of small government oppose repeal of the individual alternative minimum tax (AMT) despite that tax's confusing strictures, bureaucratic nature, and excessive demands on the American taxpayer. This is due to an unfortunate misunderstanding of repeal's effects.